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Long

Greatland Gold’ breakout 18-Oct-2017 (Daily)

LSE:GGP   GREATLAND GOLD PLC ORD 0.1P
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GGP has broken out of due the news release of ‘potential new gold sources’. Although my slight concern is however that these are still ‘potentials’, keyword lies in ‘identify’ and ‘believe’, in announcements of GGP . So the new gold sources are not fully confirmed.

Announcement:
GGP Identifies multiple gold targets At Ernest Giles Project.
Gervaise Heddle, Chief Executive Officer, commented:
"We believe these results further highlight the potential for the Ernest Giles gold project to be one of most significant gold districts to be identified globally within the last decade. These latest findings have significantly improved our understanding of the prospective geology of the Eastern block.

Source: http://greatlandgold.com/media/investor-...
https://polaris.brighterir.com/public/gr...

I’ve initially set my entry target a 1.60 but missed that boat, so I’ve entered a test-trade at 1.835

S5 Box : 1.85 - Trail
S4 Box : 1.60 - 1.85
S3 Box : 1.00 - 1.60
S2 Box : 0.90 - 1.00
S1 Box : 0.50 - 0.90

ENTRY : 1.835
DATE : 17-OCT-2017
PLANNED STOP : 1.40-1.60

ATR : 0.0937
N2 : 0.1874
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